Coffee ends with devaluation pressured by data from Vietnam

The Arabica coffee futures market ended trading this Friday (23) with devaluation of the main contracts on the New York Stock Exchange (ICE Future US).

The coffee market continues to be guided by conditions at the Robusta terminal in London. Operators continue to monitor weather conditions in Brazil and certified stocks.

"Robusta coffee on Friday also had some negative impact compared to Wednesday when the Vietnam General Bureau of Statistics reported that Vietnam's January coffee exports increased +14.8% m/m and +67, 4%", highlighted the analysis by the international website Barchart.

In Brazil, the physicist followed and ended with devaluation in the country's main sales areas.

Source Notícias Agrícolas